Chapter 636 Decisive Battle Against Sterling (2)(1/2)
Su Yue's open declaration of war on Wall Street Capital and the entire European capital was like a hurricane, sweeping across the entire London financial community in an instant.
Such a declaration of war, such a ridicule.
For the superior Western capital, it is an insult and a great provocation.
"Is this man a crazy man?" Alfred, chief investment officer of Standard Chartered Bank's London Headquarters, Fund Investment Department, and Chief Investment Officer, browsed the Internet news and various financial newspapers presented by his assistant in surprise. "Blatantly provoked and unscrupulously announced the holding data. This is not taking us seriously!"
"Too arrogant, too ignorant..."
"He really thought that if he won the LME copper battle and reaped tens of billions of dollars in profits, he would ignore investors in the entire London financial trading market?"
"More than ten years ago, Master Soros shorted the pound and almost forced the Bank of England to go bankrupt, and he was not as crazy as him."
"This kid... really treats himself as a character?"
Assistant Derek responded next to him: "This Chinese man with the surname Su is indeed too arrogant and too arrogant, but... President Chad Daniel of the Harbor City Branch does not think so."
"President Daniel has always said that this Chinese man named Su is a very good at calculating person and a conspirator."
"So let's be careful and don't be fooled by each other."
"Governor Daniel also said that this person is best at guiding emotions and is an extremely difficult opponent in the financial trading market. Let us be careful."
"Daniel is too cautious, so we, Standard Chartered, have never occupied much advantage in Port City." Alfred snorted and said, "The foreign exchange market is our main battlefield. Among the directors of the Bank of England, our bank also has seats. President Francis and our bank president Walrich have a good relationship."
"We can get the latest news from the central bank's series of monetary meetings and monetary policy."
“And you can really get involved.”
"In the pound exchange rate trading market, we are the makers of market rules. We have the final say on how to play. Even if this Chinese man named Su has the ability to do so, he cannot turn the pound exchange rate market into a battlefield for long-term bulls in LME copper."
"Because only we can make the rules, and he... is always passive."
"And at present, the impact of the collapse of North Rock Bank is slowly being eliminated by the Bank of England."
"The overall economic situation in the UK is still in inflation. Although it is unlikely to continue to raise interest rates after the emergence of 'sub-prime mortgage', the overall monetary policy within the central bank is still tightening."
"Maintaining the strength of the local currency is also more conducive to solving the crisis and more conducive to the improvement of the economy."
Alfred's expectations for the future pound exchange rate are more optimistic, otherwise he would not have accepted Bazer's invitation and agreed to form a bullish alliance to deal with Chinese capital together.
"Derick..."
Alfred paused and ordered in a deep voice: "Continue to increase the purchase of long orders in pounds. Since China Capital has already shown its cards, we don't have to be polite to them."
Derek nodded and quickly issued a buying order to his funds.
The moment Derek issued the buy order, the same orders throughout London were also conveyed from various funds and financial institutions.
Funds flooded into the foreign exchange margin market of the pound against the US dollar like a torrent of funds.
The exchange rate price of the pound quickly recovered the previous decline of large-scale short selling of Chinese capital in a few minutes, and rose back to around the price of 2.0680, causing all Chinese capital's holdings to fall into losses.
At this time, online financial investment forum, financial time, Reuters and other media network communities.
People's eyes quickly gathered from the stock market, bond market, futures market and other places to the exchange market, gathered to the trend and transactions, which obviously activated a lot of the pound exchange rate.
Because of Su Yue's provocative remarks, the market shorts at this time completely became the target of various funds.
"Chinese capital is too inflated. It's actually a terrible idea to declare war on various capitals, and it also wants to turn the foreign exchange market into another LME copper bull massacre battlefield. It's simply ignorant of the world."
"Do they really think the pricing power of the financial trading market, where are they?"
"I originally had a good impression of Mr. Su from China and admired his operations in the financial trading market. Now it seems... this person is just like this, his mentality is unstable, and he is almost like a madman."
"From his recordings with Mr. Bazel, this man is already an arrogant and crazy person."
"If he does this, he will inevitably spend all the profits of Chinese capital in the early stage, and he may even return them to the market with capital and profit."
"Isn't this good?"
"Chinese capital is the wealth plundered from our London, from our British stock market, bond market, futures market, and even the bankruptcy of North Rock Bank, Wendell's death, and Lloyds Bank's deep trouble. These things are all unrelated to Chinese capital. Now... they want to trade the market at the exchange rate of the pound and start another long-short battle."
"Didn't this just give us a chance to take revenge and regain the plundered wealth?"
"Although Mr. Su from China is a lunatic, the current behavior of this lunatic is still very beneficial to us."
"The more crazy he is, the stronger the power of the bulls will be."
"This time, Chinese capital will definitely not win again. The exchange rate changes of our pound are controlled by the central bank. Unlike LME copper, we do not have absolute price control."
"Chinese capital chooses to fight with various capitals in the foreign exchange market, which is completely a dead end."
"It cannot be said that the exchange rate changes of the pound must be in the hands of the central bank, and there is also the influence of the macro fundamentals of the economy. If the central bank can really control it, more than ten years ago, the famous hedging trading master Mr. Soros would not have successfully defeated the pound, and almost forced the Bank of England to bankruptcy."
"The situation at that time was that the Bank of England did not have much foreign exchange reserves, and Soros caught a gap."
“This time it’s different.”
"This time, the Bank of England has trillions of dollars in reserves as a backing, and there will definitely be no situation where it was unable to deal with the last time."
"Boiled shorting of the pound with the support of trillion-dollar reserves is a complete dream."
"It's simply impossible."
"Besides, in recent times, foreign capital has been inflowing, and the liquidity of the pound in London has become tighter, and the Bank of England does not have much reserves of local currency. As Chinese capital continues to provoke, the market in the financial trading market is becoming more and more intense, and the appreciation of the pound should be foreseeable."
"This time, I don't think there will be any chance for the bears."
"As for the impact of 'sub-loan', the biggest Thunder, North Rock Bank, has been taken over by the Bank of England, is now undergoing asset liquidation, bankruptcy reorganization, and the crisis of Lloyds Bank has also been curbed. The negative outbreak period has passed, followed by the trauma repair stage."
"So...in fundamentals, it does not support the continued depreciation of the pound."
"If China really wants to enter the market in full and compete in the foreign exchange market, the entire army will inevitably be destroyed."
After Su Yue openly declared war and aroused public anger, the market trend began to pour towards the bullish side. In addition, the stock market, bond market and futures market have all rebounded today, and market sentiment has rebounded. In the foreign exchange market, long funds entering the foreign exchange market have emerged one after another.
"Xiao Su, the bulls' advance is very fast."
In the London trading room of Bentayga Capital, Lin Feng saw that all his positions opened were in losses, so he frowned and said, "The bulls are moving too fast. If this continues, we may not be able to wait for the moment when the fundamental data deteriorates and the timing reverses!"
"Just suppress the opening speed."
Su Yue said: "Our opponents are waiting to hunt us. As long as we do not have a heavy position, our opponents will not squeeze the pounds continuously and consume only money."
"That would... give us more initiative."
"The other party is not stupid, so he will definitely not do this."
"When the Beiyan Bank crisis was resolved, the bank crisis was curbed, and the new economic fundamentals data was not released, time temporarily stood on the bull side, and the market would rebound in a decent way. At this time, bulls would not need us to guide them, and they would also enter the bulls' positions."
"During this period, the other party can be anxious, but we cannot be anxious. We can control the opening speed and delay the time."
"It's November 19th now, and it's enough to drag it until early December."
Lin Feng nodded slightly: "I will control the pace of opening positions. With our current capital volume, we can gradually increase our positions. It is still OK to delay for ten days or half a month."
Su Yue nodded and didn't say much.
He stared at the pound trend, looked for a while, then called Ma Fujun and ordered: "Spread all the people in the market department. I need to get detailed economic data reports for October and November one step earlier than the British statistical agencies, so that they can go a little further and go deeper."
"I have already ordered them." Ma Fujun said.
Data and intelligence are also the top priority in transactions. Ma Fujun was responsible for this area, so he naturally had already made preparations.
"Very good!" Su Yue nodded, "Let the media continue to confuse the bulls, let our opponents be temporarily blind, only pay attention to the positive news, but ignore the negative news."
"It's okay to continue to smear me. The more they are angry, the more they want to defeat us in the foreign exchange market."
"This gives us the opportunity to lock their chips in the long position, and will not easily close their positions and leave the market, and will wait for us more time."
"And, the more bulls stay on the court."
"When the time comes and the situation changes, the greater the lethality caused."
"Mr. Su, don't worry." Ma Fujun said in his head, "In the whole of London, when it comes to capital investment in news publicity, no one of the investment companies is as good as ours. Those reporters, editors, etc., have collected a lot of money from us. As long as we ask for the content of their reports, it does not violate their bottom line and principles, I think they have no reason to refuse."
"Media and news are the windows to stimulate market sentiment."
Su Yue said: "No matter how much money is spent in these aspects, it is worth it. After all, compared to what we can earn from the market, these are just a drop in the bucket."
Although Ma Fujun does not have the same big pattern as Su Yue, he understands these principles.
He nodded with a smile and turned around to make arrangements.
Since entering London, he has been here like a fish in water, spending his company's money with great expenses, desperately using his classmates' relationships, opening up all kinds of connections, and quickly establishing a foundation for Bentayga Capital.
In the eyes of his former elite college classmates.
At this moment, Ma Fujun has long since lost his poor appearance and has become an enviable senior executive of the capital group, able to travel to and from the capital upper class of the Financial City.
Even the Financial Times reporter Miss Bella Carlore, whom he had a crush on before.
After seeing Ma Fujun spending a lot of money and being at ease in the London financial circle, he gradually developed a good impression of him and had many imaginations.
"There is such a rapid increase, but I can't keep anyone!"
Su Yue made a secret arrangement and was preparing to slow down the opening speed. After delaying the opening period at the end of November, when Adam Fund London Trading Room, Bazer frowned: "The rise is too fast, and Chinese capital should not have time to enter the market, right? According to this trend, this bait... is too urgent to put it."
"It's mainly because of this guy named Su who spoke too much, which aroused public outrage." George Bruce replied, "At this moment, the main players of all parties have not made great efforts. They are all stimulated retail investors and hot money is at the action."
"Press it down!"
Bazer said: "You can't just close the net without even being lured in. The more the pound goes up, the smaller the space we can use to hunt Chinese capital. And the more you can take the initiative when entering the market from the top, the more you can take the initiative. The transformation of long-short situations is changing all the time. We can't be too eager for quick success or short-term profit."
To be continued...